The flag pattern failed....stops hit....94.20 is gud support...5924 is a gud support on mcx tht wud decide if bear wins or bull.... I am still holding my longs ...nxt support comes at 5940-50
As one can see in weekly line charts...crude has taken support on the trendline very nicely...moreover one can see oscillators in oversold zone and ready to crossover.... Hence a gud positional buy here with targets much higher..
AS I posted...crude jumped from 94.10 to 95.10 now....its always gud to look at longer term charts to avoid whipsaws.... ihv added more crudeinmy portfolio..all in all now m in green,...